Homework Answers
Answer : calculation of missing figures : -
As we know that
Sales - Cost of goods sold (COGS) - Gross profit - Operating expense = Net income
| Sales | COGS | Gross profit | operating expense | Net income | |
| a | $78,100 | $39,800 | $38,800 | $22,700 | $15,600 |
| b | $1,10,800 | $77,400 | $33,400 | $10,600 | $22,800 |
| c | $1,62,200 | $81,800 | $80,400 | $45,300 | $35,100 |
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Determine the missing amounts. Cost of Goods Sold Gross Profit Operating Expenses (a) Sales Revenue $78,100...
Determine the missing amounts. Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Net Inc...
Determine the missing amounts. Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Net Inc Year $ 72,340 $ (b) $32,300 $ (d) Year $111,100 $73,700 $ Year $71,900 $71,900 $116,050 $47,390 $ eTextbook and Media Save for Later Attempts: 0 of 10 used Submit Answer Send to Gradebook < Prev Next > Operating Expenses Net Income 32,300 $ $13,050 (0) $ $30,910 116,050 $47,390 $ Attempts: 0 of 10 used Submit Answer
QUESTION 103 For each of the following, determine the missing amounts. Sales Cost of Operating Revenue...
QUESTION 103 For each of the following, determine the missing amounts. Sales Cost of Operating Revenue Goods Sold Gross Profit Expenses 1. $100,000 $30,000 $135,000 $125,000 Net Income $12,000 $80,000 T T TT Paragraph. Arial %DO Q E $x Mashups - Tu © @£2 3 (12pt) T' T25 - E. - -- Path:p QUESTION 104 Click Save and Submit to save and submit. Click Save All Answers to save all answers.
Sales Revenue $ 200,000 Cost of Goods Sold 106,000 Gross Profit 94,000 Less: Operating Expenses Selling...
Sales Revenue $ 200,000 Cost of Goods Sold 106,000 Gross Profit 94,000 Less: Operating Expenses Selling expense 16,000 General and administrative expense 10,000 Lease expense 1,000 Depreciation expense 10,000 Total Operating Expenses 37,000 Operating Profits 57,000 Interest Expense 6,100 Net Profit before Taxes 50,900 Less: Taxes 4,360 Net Profit After Taxes 46,540 Q. Find the operating cash flow. Please show work on how to get the answers because It will still be wrong without the work shown. Thank you.
State the missing items. (For sales revenue enter answers in alphabetical order.) Gross profit - Operating...
State the missing items. (For sales revenue enter answers in alphabetical order.) Gross profit - Operating expenses = 1. Cost of goods sold + Gross profit = 2. Sales revenue - = Net sales 3. Income from operations + = Net income 4. Net sales - Cost of goods sold = 5.
Sales revenue Cost of goods sold Gross profit Selling and administrative expenses Operating income Interest expense...
Sales revenue Cost of goods sold Gross profit Selling and administrative expenses Operating income Interest expense Income before tax Income tax expense Net income 2018 R 70,000 42,000 R 28,000 20,000 R8,000 2,000 R6,000 2,000 R 4,000 2017 R 60,000 30,000 R 30,000 14,000 R16,000 2,000 R14,000 3,000 R11,000 Required: 1. Prepare common-size comparative income statements for the two years for Beach Motors (Pty) Ltd (11) 2. What observations can you make about the common-size statements? List at least four...
Sheridan Company reported net sales $700,000; cost of goods sold $455,000; operating expenses $183,750; and net...
Sheridan Company reported net sales $700,000; cost of goods sold $455,000; operating expenses $183,750; and net income $59,500 Calculate the profit margin and gross profit rate. (Round answers to 1 decimal place, es. 10.2%) Profit margin Gross profit rate
1. Culver Corporation reported net sales $715,000, cost of goods sold $500,500, operating expenses $126,000, and...
1. Culver Corporation reported net sales $715,000, cost of goods sold $500,500, operating expenses $126,000, and net income $62,920. Calculate the profit margin and gross profit rate. (Round Profit margin answer to 2 decimal places, e.g. 10.20%. Round Gross profit rate answer to 0 decimal place, e.g. 10%.) Profit margin enter profit margin in percentages rounded to 2 decimal places % Gross profit rate enter gross profit rate in percentages rounded to 0 decimal % 2. Presented here are the components...
Gross Profit Presented here are the components in Blossom Company's income statement Determine the missing amounts....
Gross Profit Presented here are the components in Blossom Company's income statement Determine the missing amounts. Sales Revenue Cost of Goods Sold Year $ 75,190 1 1 Year $111,600 $73.800 2 Year (a) $73,880 3 (b) $ 30.900 $ ic S $110,850 old Gross Profit Operating Expenses Net Income (b) $ 30,900 $ id $11,290 $73,800 10 $ le I $31,040 $73.880 $110,850 $47.120 $ If
Sales Less: Cost of goods sold Gross profit Less: Operating expenses Net operating income Less: Interest...
Sales Less: Cost of goods sold Gross profit Less: Operating expenses Net operating income Less: Interest expense Earnings before taxes Less: Taxes (35%) Net income 4,500,000 (3,500,000) 1,000,000 (500,000) $500,000 (100,000) $400,000 (140,000) $260,000 We were unable to transcribe this imageCurrent assets Net fixed assets Total Assets $500,000 Liabilities ,500,000 Owners equity $1,000,000 1,000,000 $2,000,000 $2,000,000 Total
Sheridan Corporation reported net sales of $174,000, cost of goods sold of $95,700, operating expenses of...
Sheridan Corporation reported net sales of $174,000, cost of goods sold of $95,700, operating expenses of $36,500, other expenses of $11,200, net income of $8,700. Calculate the following values. (Round answers to 0 decimal places, e.g. 25%.) 1. Profit margin enter percentages rounded to 0 decimal places % 2. Gross profit rate enter percentages rounded to 0 decimal places %
Determine the missing amounts. Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Net Inc Year $ 72,340 $ (b) $32,300 $ (d) Year $111,100 $73,700 $ Year $71,900 $71,900 $116,050 $47,390 $ eTextbook and Media Save for Later Attempts: 0 of 10 used Submit Answer Send to Gradebook < Prev Next > Operating Expenses Net Income 32,300 $ $13,050 (0) $ $30,910 116,050 $47,390 $ Attempts: 0 of 10 used Submit Answer
QUESTION 103 For each of the following, determine the missing amounts. Sales Cost of Operating Revenue Goods Sold Gross Profit Expenses 1. $100,000 $30,000 $135,000 $125,000 Net Income $12,000 $80,000 T T TT Paragraph. Arial %DO Q E $x Mashups - Tu © @£2 3 (12pt) T' T25 - E. - -- Path:p QUESTION 104 Click Save and Submit to save and submit. Click Save All Answers to save all answers.
State the missing items. (For sales revenue enter answers in alphabetical order.) Gross profit - Operating expenses = 1. Cost of goods sold + Gross profit = 2. Sales revenue - = Net sales 3. Income from operations + = Net income 4. Net sales - Cost of goods sold = 5.
Sales revenue Cost of goods sold Gross profit Selling and administrative expenses Operating income Interest expense Income before tax Income tax expense Net income 2018 R 70,000 42,000 R 28,000 20,000 R8,000 2,000 R6,000 2,000 R 4,000 2017 R 60,000 30,000 R 30,000 14,000 R16,000 2,000 R14,000 3,000 R11,000 Required: 1. Prepare common-size comparative income statements for the two years for Beach Motors (Pty) Ltd (11) 2. What observations can you make about the common-size statements? List at least four...
Sheridan Company reported net sales $700,000; cost of goods sold $455,000; operating expenses $183,750; and net income $59,500 Calculate the profit margin and gross profit rate. (Round answers to 1 decimal place, es. 10.2%) Profit margin Gross profit rate
Gross Profit Presented here are the components in Blossom Company's income statement Determine the missing amounts. Sales Revenue Cost of Goods Sold Year $ 75,190 1 1 Year $111,600 $73.800 2 Year (a) $73,880 3 (b) $ 30.900 $ ic S $110,850 old Gross Profit Operating Expenses Net Income (b) $ 30,900 $ id $11,290 $73,800 10 $ le I $31,040 $73.880 $110,850 $47.120 $ If
Sales Less: Cost of goods sold Gross profit Less: Operating expenses Net operating income Less: Interest expense Earnings before taxes Less: Taxes (35%) Net income 4,500,000 (3,500,000) 1,000,000 (500,000) $500,000 (100,000) $400,000 (140,000) $260,000 We were unable to transcribe this imageCurrent assets Net fixed assets Total Assets $500,000 Liabilities ,500,000 Owners equity $1,000,000 1,000,000 $2,000,000 $2,000,000 Total
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